Acetic Acid Market Increasing Demand with Leading Players - Mitsubishi Chemical Corporation, Saudi International Petrochemicals, Jiangsu Sopo

Acetic Acid Market is estimated to reach USD XX billion by 2028

According to the predictions made in the latest report by Quince Market Insights, during the forecast period, the Acetic Acid market is expected to experience high demand with increasing demand from major end-use industries such as Plastics and Polymers, Food and Beverage, Inks, Paints, and Coatings, Chemicals, Others.

Know more about acetic acid and its chemistry-

Acetic acid is a colorless liquid that acts as a significant precursor for the manufacture of various chemicals used in the fiber, rubber and plastic sectors among others. This acts as an intermediary for the formulation of various coatings, sealants, and greases widely used in the manufacturing, telecommunications, and packaging industries.

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Rubber, plastics, and pharmaceutical industries to boost the demand for Acetic acid

The acetic acid market is expected to show significant growth in the coming years. It is expected that the increased use of acetate acid in the manufacture of multiple products such as vinyl acetate monomers (VAM) and distilled terephthalate acid would increase the market size. Acetic acid is widely used in VAM processing, which is in turn used in the manufacture of various resins and polymers for adhesives, films, paints, coatings, textiles and other end-user products.

Growing demand for acetic acid in rubber, plastics, pharmaceuticals, manufacturing, painting and other industries is driving global market growth in acetic acid. In addition, the growing demand in the packaging and textile (polyester production) industries for Purified Terephthalic Acid (PTA) and Vinyl Acetate Monomer (VAM) is also leading to increased further growth of acetic acid market.

Strategic Factors Impacting Market Growth:
o Increasing demand for clothes and other packed products
o Increased petroleum feedstock prices
o Rapid growth of the textile industry

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Regional segmentation and analysis to understand growth patterns:

On the basis of the region, the acetic acid market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World.

Traditional suppliers of chemicals such as specialty chemicals, bulk chemicals, and so on are both North America and Western Europe being some of the major markets. Major North American and Western European firms are headquartered in this region. This area has undergone a number of transformations by end-use industries in terms of the production of chemicals and their respective applications. In addition, regulatory authorities have placed strict guidelines on environmental concerns and potential hazards to health due to exposures. This was more common in the diverse field of Western Europe. Some of the major economies of these countries include the US, Germany, the United Kingdom, France, Canada, Italy, Spain, etc.

During the forecast period, Asia Pacific and Middle East are expected to show substantial growth in the acetic acid markets. This demand is for the development of large end-use industries in these regions (Plastics and Polymers, Food and Beverage, Inks, Paints, and Coatings, Chemicals, and Others). Major countries in Asia-Pacific include China, South Korea, Japan, India and Australia and so on.

The Middle East includes the UAE, Saudi Arabia, Iran, Israel, Egypt, etc. With operations by major chemical giants in the region, Eastern Europe was controlled mainly by Russia and Turkey. Rest the world that includes South America and Africa has high acetic acid market potential. Global companies have gradually made investments in these regions to deepen their presence and to leverage the potential market. Significant acetic acid market economies in these regions include Brazil, South Africa, Nigeria, Argentina, Colombia, and others.

The report provides insights about activities of top companies like: Mitsubishi Chemical Corporation, Saudi International Petrochemicals, Jiangsu Sopo (Group), WackerChemie, Eastman Chemical Company, DuPont, British Petroleum, Celanese Corporation, GNFC Limited, HELM AG, LyondellBasell, Sinopec, Daicel Corporation, PetroChina.

Market Segmentation:
By Applications:
o Vinyl Acetate Monomer (VAM)
o Purified Terephthalic Acid (PTA)
o Acetate Esters
o Acetic Anhydride
o Other Applications

By End-Use Industry:
o Plastics and Polymers
o Food and Beverage
o Inks, Paints, and Coatings
o Chemicals
o Other End-User Industries

By Region:
o North America
o By Country (US, Canada, Mexico)
o By Application
o By End-Use Industry
o Western Europe
o By Country (Germany, UK, France, Spain, Rest of Western Europe)
o By Application
o By End-Use Industry
o Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Application
o By End-Use Industry
o Asia Pacific
o By Country (China, Japan, India, Rest of Asia Pacific)
o By Application
o By End-Use Industry
o Middle East
o By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
o By Application
o By End-Use Industry
o Rest of the World
o By Region (South America, Africa)
o By Application
o By End-Use Industry

Contact:
Quince Market Insights
Ajay D. (Knowledge Partner)
Office No- A109
Pune, Maharashtra 411028
Phone: +91 - 9850603687 / 7972869557
Email: sales@quincemarketinsights.com
Web: www.quincemarketinsights.com

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